1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANEK [815]
4 years ago
8

Hodgkiss Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $780,000. Fixed assets

are $470,000 and sales are projected to grow to $880,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
EleoNora [17]4 years ago
4 0

Answer:

$17,835.90

Explanation:

Currently Hodgkiss is operating at 92% of its fixed asset capacity, so they have an spare 8% to grow without adding any more fixed assets: ($780,000 / 92) x 100 = $847,826.09.

So they need to add fix assets in to increase its production by $32,173.91 (= $880,000 - $847,826.09).

Every dollar spent in fixed assets generates at full capacity $1.8039 in production output (= $847,826 / $470,000).

If they want to increase production by $32,174, they will need to spend $17,835.90 in fixed assets.

You might be interested in
Sweet Dates Company offers a premium to its customers - a glass bowl (cost to Sweet Dates is $0.90) upon return of 40 coupons. T
ipn [44]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
The tax assessment ratio for a house valued at $250,000 is 80%. If the tax rate is $2.00 per $100 what is the annual tax?
andrey2020 [161]

Answer: $5,000

Explanation:

given data:

tax ratio = 80%

valuation of the house = $250,000

tax rate = $2/$100.

solution:

total annual tax

= $250,000 /$100

= $2500

total tax rate = $2/$100

= $2 * $2,500

= $5,000.

therefore, the total tax due to be payed annually is $5000. This would have not been the case if it has been 80% generally.

8 0
4 years ago
Organizations that utilize the file processing approach spend as much as ________ of their is development budget on maintenance.
Mademuasel [1]

Organizations that utilize the file processing approach spend as much as 80% of their is development budget on maintenance.

<h3>What is file processing approach?</h3>

File Processing System (FPS) can be described as the  way of storing, retrieving as well as  manipulating data that could be used by different organization.

It should be noted that  Files are used to store various documents, however Organizations that utilize the file processing approach spend as much as 80% of their is development budget on maintenance.

Find out more on file processing approach at brainly.com/question/14364696

#SPJ1

6 0
1 year ago
The brochure for Spa Sydell has photographs of people enjoying the various spa amenities. By seeing the pictures of available tr
arsen [322]

Answer:

C. intangibility

Explanation:

Intangibility -

It refers to a non - tangible thing , i.e. , incapable of touching as it could be a immaterial object .

Or something that is not clear ,

Hence , from the question ,

The brochure given by the spa , consists on many pictures that give people a better idea and make a wise decision to whether or not visit the spa or not  .  

6 0
4 years ago
11. Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 1
vredina [299]

Answer:

D

Explanation:

Profit = Revenue - cost

Cost = fixed cost + variable cost

if variable cost increases by 10%, cost would increase by 10%.

Revenue also increases by 10%

So, the increase in revenue would be cancelled by the increase in cost and profit would not change

8 0
3 years ago
Other questions:
  • Which of the following is an example of bias by labeling?
    8·2 answers
  • Can a person’s general attitude toward risk be applied to his/her approach to investing
    13·1 answer
  • How to access your federal reserve account?
    8·1 answer
  • Which of the following savings account types has the potential to earn the highest amount of interest?
    7·2 answers
  • Acme Furniture Manufacturers has just purchased a large supply of exotic lumber that is ready for use in their new line of furni
    9·1 answer
  • Basic characteristic of free market system
    5·1 answer
  • What is Ava's net pay each month?
    8·1 answer
  • Which statement is false?
    5·2 answers
  • COMPARE and contrast the terms scarcity and shortage and provide examples of each.
    12·1 answer
  • Lisa loves to draw and has a good eye for what is visually appealing. She wants a job where she can work independently, and poss
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!